Gal closes At its High weekly resistance which now becomes its Support, so Good Closing.
Also Retraced to.50 fib from HH - HL
Very good.
Extremely Bullish for Short Target, exit your position from 117.5 - 120.
Long Target 150 after 120 closing with high volumes>
Buy Gal AT 113-115.
Sell at 117.50-120.
Ghandhara Automobiles Ltd - GAL - 1D: Price action is presently making higher high and higher lows with supports defined around 36-35.50 range. It appears that the stock is in the bullish momentum since price pulled back from 0.618 Fib level. 52.50 and 65.50 are the first and second resistance level respectively.
GAL is just getting warmed-up for a bullish rally, the current healthy correction was necessary for further upside movement. It all began with bullish RSI divergence on weekly time frame, and after giving a break out from the accumulation zone, bulls are in control, and currently there are no signs of exhaustion. AB = CD harmonics projection also indicates a...
GAL is in an uptrend after pull back from 50% retracement from the impulse of 37.73 to 52.49 and currently trading above 38.2% that is 46.85 which acts as support. First and second resistance are at 52.49 and 56.50, respectively.
The stock, after printing HHs and HLs is now struck in a range. The RSI is making bearish divergence and indicating that the stock may come down towards its support levels, marked on chart
